9 Jun 2015
DXY in red, above 95.00
FXStreet (Edinburgh) - The greenback, in terms of the US Dollar Index, is posting marginal losses vs. its main rivals on Tuesday, hovering over the 95.20/15 band.
DXY upside capped by 95.60
The index is retreating for the second consecutive session so far, prolonging its rejection from recent peaks in the boundaries of the critical barrier at 97.00, posted in the wake of last Friday’s US Payrolls.
Absent significant releases in the US economy, the situation around Greece and its debt talks with the EU creditors remain the main driver for global sentiment, at least until Thursday, when US Retail Sales and Initial Claims are published.
DXY levels to consider
The index is now retreating 0.11% at 95.19 and a breakdown of 94.85 (low Jun.9) would aim for 94.73 (low Jun.4) en route to 94.09 (low May 19). On the other hand, the initial up barrier lines up at 95.45 (high Jun.9) followed by 96.91 (high Jun.5) and finally 97.68 (high Jun.1).
DXY upside capped by 95.60
The index is retreating for the second consecutive session so far, prolonging its rejection from recent peaks in the boundaries of the critical barrier at 97.00, posted in the wake of last Friday’s US Payrolls.
Absent significant releases in the US economy, the situation around Greece and its debt talks with the EU creditors remain the main driver for global sentiment, at least until Thursday, when US Retail Sales and Initial Claims are published.
DXY levels to consider
The index is now retreating 0.11% at 95.19 and a breakdown of 94.85 (low Jun.9) would aim for 94.73 (low Jun.4) en route to 94.09 (low May 19). On the other hand, the initial up barrier lines up at 95.45 (high Jun.9) followed by 96.91 (high Jun.5) and finally 97.68 (high Jun.1).